Understory

Understory provides insurance solutions focused on mitigating climate change risks. They utilize a proprietary risk mitigation technology and a mutualized insurance approach to offer affordable, stable property insurance, particularly for industries vulnerable to severe weather, such as the renewable energy sector. Their technology has already reduced weather damage for clients by over $65 million.

Buy Funded Startups lists

Funding Round: Series A

Funding Amount: $15M

Date: 05-Jun-2024

Investors: True Ventures, Prelude Ventures

Markets: Insurance, Renewable Energy, InsurTech, Analytics, Artificial Intelligence (AI), Big Data

HQ: Madison, Wisconsin, United States

Founded: 2012

Website: https://understoryweather.com/

LinkedIn: https://www.linkedin.com/company/understoryinc

Twitter: http://twitter.com/UnderstoryWx

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